Stifel Nicolaus Issues Positive Forecast for Casella Waste Systems (NASDAQ:CWST) Stock Price

Casella Waste Systems (NASDAQ:CWST) had its target price lifted by Stifel Nicolaus from $127.00 to $129.00 in a research note published on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

A number of other research firms also recently commented on CWST. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group cut Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their price target for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.75.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $115.70 on Tuesday. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 503.04, a PEG ratio of 5.13 and a beta of 1.04. The business’s 50 day moving average is $108.02 and its two-hundred day moving average is $106.01. Casella Waste Systems has a 12-month low of $86.41 and a 12-month high of $115.97. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.46% and a net margin of 0.87%. Research analysts expect that Casella Waste Systems will post 0.87 EPS for the current year.

Institutional Trading of Casella Waste Systems

Several large investors have recently modified their holdings of the business. Mackenzie Financial Corp lifted its stake in Casella Waste Systems by 4.3% in the 4th quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company’s stock valued at $372,000 after buying an additional 146 shares in the last quarter. GTS Securities LLC acquired a new position in shares of Casella Waste Systems in the fourth quarter worth $211,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Casella Waste Systems by 12.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 150,032 shares of the industrial products company’s stock valued at $15,875,000 after acquiring an additional 16,458 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Casella Waste Systems by 14.5% during the fourth quarter. Two Sigma Investments LP now owns 20,118 shares of the industrial products company’s stock valued at $2,129,000 after acquiring an additional 2,544 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Casella Waste Systems in the 4th quarter valued at about $12,173,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.